Page 113 - LIVVRO 3
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                      9LVLWD  %LEOLRWHFD 3·EOLFD GR 3DUDQž
                        1D  VH[WD IHLUD   VRE  UHVSRQVDELOLGDGH  GR  DFDG§PLFR  1LOVRQ  0RQWHLUR

                  FRQIUDGHV  GH  FLGDGHV  GR  LQWHULRU  H  PHPEURV  GD  $FDGHPLD  3DUDQDHQVH  GH
                  3RHVLD  YLVLWDUDP D %LEOLRWHFD 3·EOLFD GR 3DUDQž  RQGH IRUDP UHFHELGRV SRU VHX
                  GLUHWRU  5RJ¦ULR 3HUHLUD  2V DFDG§PLFRV FRQKHFHUDP DV LQVWDOD¤²HV H WLYHUDP
                  XPD YHUGDGHLUD H FRPSHWHQWH DXOD VREUH R DFHUYR GH FHUFD GH     PLO YROXPHV
                  H DV DWLYLGDGHV GD %33  TXH FRPSOHWDUž     DQRV HP


                      /LYURV  OLYURV  PDQFKHLD

                        &RPR  D  OHPEUDU  YHUVRV  LPRUWDLV  GH  &DVWUR  $OYHV   RV  SDUWLFLSDQWHV  GR
                  ;,  (QFRQWUR  GDV  $FDGHPLDV  GH  /HWUDV  GR  3DUDQž   HP  FRPHPRUD¤ R  DR    w
                  DQLYHUVžULRV GD $FDGHPLD 3DUDQDHQVH GH /HWUDV  GRDUDP H RX WURFDUDP HQWUH VL
                  OLYURV GH VXD DXWRULD  HP GLYHUVLůFDGD PHVD  SURYLGHQFLDGD SHORV RUJDQL]DGRUHV
                  QR DXGLW°ULR GR FXUVR GH 'LUHLWR GD 8QLYHUVLGDGH )HGHUDO GR 3DUDQž  )RL XPD
                  JUDWLůFDQWH H[SHUL§QFLD


                      0DWHULDO GH DSRLR

                        $  VHU  GHVWDFDGD   WDPE¦P   D  H[FHOHQWH  TXDOLGDGH  H  DSUHVHQWD¤ R  GR
                  PDWHULDO GH DSRLR GLVWULEXªGR DRV SDUWLFLSDQWHV  EULQGHV JHQWLOPHQWH RIHUHFLGRV
                  SHOD  )HFRP¦UFLR   %LEOLRWHFD  3·EOLFD  GR  3DUDQž  H  DFDG§PLFRV  GD  $FDGHPLD
                  3DUDQDHQVH  GH  /HWUDV   SURJUDPD  LPSUHVVR   EORFRV  SDUD  DQRWD¤²HV   FDQHWDV
                  VDFRODV  OLYURV  FUDFKžV


                      &RPHQWžULRV VREUH D +LVW°ULD GR 3DUDQž  SRU /LDQD 0žUFLD -XVWHQ

                        ļ† FRUUHWD D DůUPDWLYD GH TXH D +LVW°ULD GR 3DUDQž ¦ D KLVW°ULD GH VHXV
                  FDPLQKRVĽ  $VVLP VH H[SUHVVD R DFDG§PLFR 5HQ¦ $ULHO 'RWWL  QD DSUHVHQWD¤ R
                  GR  OLYUR  6HUUD  DEDL[R   VHUUD  DFLPD   GR  WDPE¦P  DFDG§PLFR  'DQWH  0HQGRQ¤D
                  +LVW°ULD  GRV  &DPLQKRV  GR  OLWRUDO  SDUD  R   w  SODQDOWR   H  GHVWH  SDUD  RV   w  H   w
                  SODQDOWRV  FRP VXDV YDVWDV H ULFDV SDLVDJHQV   &DPLQKRV GH QRUWH D VXO  SDUD
                  WUDQVSRUWH GR JDGR GH 6 R 3DXOR DR 5LR *UDQGH GR 6XO  &DPLQKRV GRV HVSDQK°LV
                  QDV  WHQWDWLYDV  GH  DWLQJLU  R  2FHDQR  $WOŸQWLFR   &DPLQKRV  SDUD  H[SDQV R
                  GR  GRPªQLR  SRUWXJX§V  SDUD  DO¦P  GDV  IURQWHLUDV  GR  7UDWDGR  GH  7RUGHVLOKDV
                  &DPLQKRV GRV GLYHUVRV JUXSRV LQGªJHQDV TXH DTXL YLYLDP DRV PLOKDUHV DQWHV GD
                  FKHJDGD GH SRUWXJXHVHV H HVSDQK°LV H TXH IRUDP GL]LPDGRV RX HVFUDYL]DGRV
                  SHORV  FRQTXLVWDGRUHV  H  GRV  HVFUDYRV  DIULFDQRV  TXH  FDUUHJDYDP  RV  SURGXWRV

                  DJUªFRODV SDUD R OLWRUDO  FRP R SDVVDU GR WHPSR  PLVFLJHQDGRV DRV HXURSHXV
                  FRPSXVHUDP XPD QRYD SRSXOD¤ R FRPR QRV UHODWD R DFDG§PLFR $QWRQLR &HOVR
                  0HQGHV  HP VHX OLYUR +LVW°ULD GR 3DUDQž  PRPHQWRV PDUFDQWHV  ( FDPLQKRV
                  SDUD RV LPLJUDQWHV GH GLIHUHQWHV SDUWHV GR PXQGR  TXH DTXL YLHUDP FRPH¤DU XP
                  QRYR SURMHWR GH YLGD  7RGRV HVVHV FDPLQKRV TXH VH FUX]DUDP  VH FRQIURQWDUDP
                  RX  VH  HQWUHOD¤DUDP  ů]HUDP  VXUJLU  PXLWRV  SRQWRV  GH  SDUDGD  H  SDVVDJHP  GH
                  PLQHUDGRUHV GH RXUR  FRQGXWRUHV GH WURSDV GH DQLPDLV  JUXSRV H[SORUDGRUHV



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